Fat cat board directors ‘bad for business’

An
overwhelming majority of HR professionals think fat cat board directors are bad
for business and employment relations, a new poll has found.

In
an internet survey by consultants Croner, 96 per cent of HR practitioners said
they felt fat cat bosses on huge contracts were potentially damaging to
organisations.

Of
the 129 people questioned, only 2 per cent said fat cat pay didn’t harm
employment relations and morale, while a further 2 per cent were unsure.

Richard
Smith, an employment lawyer at Croner said: "Employees are a business’s
most important stakeholder group and good employee relations are vital to the
success and longevity of an organisation. However, this is an area often
neglected over keeping shareholders happy and attracting new investors."

By Ross Wigham

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